Protection during the Golden Years: Health insurance policy and Retirement

Protection during the Golden Years: Health insurance policy and Retirement
If you haven’t built your nest egg for retirement, now is the time start thinking about how you may need to subsidize your retirement income. Relying on Social Security alone may only provide you with a small portion of what you might need to live on. [...]

Rolling Your 401k

When we start out work for the first time, we believe that we would stay with the same company until retirement and have a comfortable retirement life with all the money we have saved in our 401k account. Unfortunately this does not happen. In present day and time, we end up changing jobs several times [...]

Income Tax Burdens For the Non-Spouse Beneficiary: Perils of Failing to Roll a 401k into an IRA

Have you heard about a “stretch IRA” and wondered if it was some special kind of IRA? Well, it isn’t. In the simplest terms, a stretch IRA is an IRA that has a beneficiary designation that provides for the possibility of maintaining the tax deferred status of the IRA after the death of the IRA [...]

Today’s Life Insurance News

Life, death and health insurance
The first question a doctor’s office asks any new patient: “What kind of insurance do you have?” Shaneera Smith’s answer, like that of millions of Americans, is: “I don’t have any.” Smith and her husband, Omar, both had pretty good jobs – she as …
Myths about insurance
For many people, insurance [...]

Insurance Claim: Old Age Retirement, Survivors Benefits

The Management of the National Social Security and Insurance Trust (NASSIT) is highly concerned about the large number of applications for Old age and/or Survivors’ benefits sitting in the Customer Service Center, which cannot be processed.
An application for Old age or Survivors’ benefit cannot be processed because it is incomplete either due to insufficient [...]

Little-known retirement income strategy creates guaranteed lifetime income; increasing liquidity

Eye-opening Retirement study reveals retirement income strategy that ends retirees’ liquidity-guarantee trade-off dilemma
(Springfield, Mass.) – A portfolio incorporating stocks, bonds, and incremental purchases of annuity income benefits over time – a process called retirement annuity laddering – produces more guaranteed lifetime income, develops more liquidity to address other retirement needs, and builds more long-term wealth [...]

Six Steps to Financially Surviving a Recession

In this article, I propose Six Steps…to Financially Surviving a Recession. Some say that it is impossible to save for three months. I think it is not only possible but easier than most people think. I’ve outlined six steps to financially surviving a recession. For some, this will be easy to do. For others, you [...]

Senior Financial Planning and Life Settlement Investment

When it comes to senior financial planning there are a lot of things involved. Of the many topics covered by this type of financial planning life insurance settlements are sometimes dealt with and for good reason.
That’s because many seniors find themselves in their golden years with a great life insurance policy that they will [...]

Insurance Bookshelf ~ must reads

1. Insurance for Dummies
For Dummies
An empowering read. Like all dummy books: informative while engaging & entertaining – even though about insurance…
2. The Guide to Understanding the Insurance Industry 2007-2008: Dig Into the Financials That Drive Insurers
BookSurge Publishing
Illustrated, easy-to-read handbook that takes an exhaustive look at today’s insurance business environment.
3. Principles of Risk Management and Insurance [...]

Keep Pension Funds Safe !

‘Having pension funds insure bonds seen as too risky’ ~ is the conclusion of Reuters recent analytical article by Joan Gralla:
“NEW YORK (Reuters) – A proposal by California to use state pensions to back municipal bonds is drawing criticism from some other U.S. states and investors who prefer a private-sector solution and one that would [...]

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